Airbase

San Francisco, California, US FinTech Acquired

Airbase is a modern finance and spend management platform that combines bill pay and accounts payable automation, expense management, corporate cards, and procurement capabilities. The platform enables companies to manage payroll and non-payroll spend through a single interface with real-time visibility, faster financial close, improved planning, and stronger financial controls.

Acquired

Airbase has been acquired

Acquired by Paylocity Oct 1, 2024 $325M

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2017

Employees

300–330

Total Funding

$565.5M

5 rounds

Latest Valuation

$0.33B

Sep 4, 2024

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $565.5M across 5 rounds

Last updated 06-25-2026

DateRoundAmount RaisedValuationLead Investors
Sep 4, 2024 Acquisition by Paylocity TechCrunch $325M $0.33B Paylocity
Jul 15, 2022 Debt (Credit Facility) Press release $150M Goldman Sachs
Sep 2021 Series B $60M $0.6B Menlo Ventures

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$500M 2022 2023 2024 Airbase

Entry · Series B

$600M

Sep 2021

Airbase today

$325M

Sep 2024 · latest mark

Airbase multiple

0.5x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Leadership

  • Thejo Kote

    Founder & CEO

    LinkedIn
  • Aneal Vallurupalli

    Chief Financial Officer

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Bill.com

    Automated accounts payable and expense management platform

  • Coupa Software

    Business spend management and procurement solution

  • Concur (SAP)

    Travel and expense management software

  • Expensify

    Corporate expense management and automation platform

  • Brex

    Corporate card and spend management platform

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Data collected with AI, which can make mistakes. Please double-check this information.